Prospectuses published when securities are offered to investors or admitted to trading should be simplified and cheaper to help the businesses and especially SMEs to find diverse sources of capital across the EU. The uniform rules for prospectuses and the information they disclose should protect investors while creating an efficient single market for capital, said MEPs while voting on the common stance prior to the negotiations with the Council, on Thursday.
Prospectus requirements would cover equity securities such as shares in companies or right to acquire them and non-equity securities such as bonds offered to investors or admitted to trading on regulated markets in the UE except from non-equity securities issued by member states, regional or local authorities or central banks.
For more on this story visit the following link: Simpler and cheaper prospectuses to open SMEs’ access to finance
Source: European Parliament News